Asia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Asia

The Asian unvulcanised rubber market reduced modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a mild setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Unvulcanised Rubber Production in Asia

In value terms, unvulcanised rubber production declined to $X in 2022 estimated in export price. Overall, production showed a mild decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports in Asia

In 2022, overseas shipments of unvulcanised rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, unvulcanised rubber exports declined modestly to $X in 2022. Over the period under review, exports saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporter of unvulcanised rubber in Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%), South Korea (X%), Indonesia (X%), China (X%) and Turkey (X%).

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Malaysia (X%), Turkey (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), China (X p.p.), South Korea (X p.p.), Turkey (X p.p.) and Japan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unvulcanised rubber supplying countries in Asia were Thailand ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. Malaysia, Indonesia, China and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Unvulcanised Rubber Imports

Imports in Asia

In 2022, supplies from abroad of unvulcanised rubber increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, unvulcanised rubber imports totaled $X in 2022. Overall, imports, however, saw a mild decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons), distantly followed by China (X tons), Turkey (X tons), Vietnam (X tons) and Thailand (X tons) represented the major importers of unvulcanised rubber, together making up X% of total imports. The following importers - Pakistan (X tons), Indonesia (X tons) and Japan (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanised rubber importing markets in Asia were China ($X), India ($X) and Vietnam ($X), together comprising X% of total imports.

Among the main importing countries, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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